Events listed in World Wide
FSB publishes 2023 Progress Report on Climate-related Disclosures & 2023 TCFD ...
ID 25315
The FSB has published its 2023 Progress Report on Climate-Related Disclosures. The report welcomes the publication of the ISSB Standards, which will serve as a global framework for sustainability disclosures. The FSB will work with the ISSB, IOSCO, and other relevant bodies to promote the timely and wide use of the standards. The report also outlines progress made by jurisdictions in promoting climate-related disclosures, ...
Basel Committee publishes report on 2023 banking turmoil, agrees to consult on ...
ID 25222
The Basel Committee on Banking Supervision held a meeting in Basel on 4-5 October 2023, to assess recent developments and risks in the global banking system and discuss various policy and supervisory initiatives. One significant point of discussion was the risks and vulnerabilities facing the global banking system. Higher interest rates, while potentially beneficial for banks‘ net interest margins and income, can also expose ...
Basel Committee reports on Basel III implementation progress
ID 25192
The BCBS has released an update on the progress of Basel III implementation as of end-September 2023. This update covers the Basel III post-crisis reforms published in December 2017 and the final minimum capital requirements for market risk issued in January 2019. The implementation date for these reforms was 1 January 2023, as confirmed by the GHOS in March 2020. **Member jurisdictions have shown ...
Consolidated assessment ratings & Luxembourg’s measures to combat money ...
ID 25100
The FATF has published its latest updates to its Consolidated assessment ratings together with the publication of the Mutual Evaluation Report of Luxembourg on progress in strengthening measures to tackle money laundering and terrorist financing. The updated Consolidated assessment ratings provide an up-to-date overview of all assessed countries concerning the effectiveness and technical compliance with the FATF Recommendations, using the FATF Methodology together with ...
Basel III capital ratios for largest global banks increased above pre-pandemic ...
ID 25075
The BIS-BCBS’s latest Basel III Monitoring Report, as of 31 December 2022, highlights the impact of the Basel III framework. This framework includes the December 2017 finalization of the Basel III reforms and the January 2019 finalization of the market risk framework. The report notes that after a downturn at the end of June 2022, **initial Basel III capital ratios have increased and surpassed ...
ISDA, S&P Global Market Intelligence and Linklaters | CreateiQ Launch ...
ID 25057
ISDA, S&P Global Market Intelligence, and Linklaters have jointly announced the integration of ISDA Create with S&P Global Market Intelligence’s Counterparty Manager service. This integration aims to streamline client onboarding and contract lifecycle management by enabling the end-to-end negotiation of key derivatives contracts on a single platform. S&P Global Market Intelligence’s Counterparty Manager offers a platform for exchanging information w ...
FSB identifies frictions from data frameworks that pose challenges to enhancing ...
ID 25053
The FSB has released a stocktake report assessing international data standards relevant to cross-border payments. This initiative aligns with the G20 Cross-border Payments Roadmap’s goal of improving the interaction between data frameworks and cross-border payments. The report underscores the importance of data transfer across borders for the functioning of cross-border payment systems and highlights various data frameworks, encompassing legal, regulatory, and technical ...
FSB proposes a toolbox of financial resources and tools for the resolution of ...
ID 24981
The FSB has released a consultation report addressing the financial resources and tools necessary for the resolution of CCPs. Ensuring the effective resolution of systemically important CCPs is vital for financial stability and maintaining confidence in the financial system, especially in the context of G20 regulatory reforms following the 2008-09 financial crisis, which elevated the systemic importance of CCPs. **The FSB’s journey began in ...
IOSCO Seeks Feedback on Proposed Good Practices on Leveraged Loans and CLOs and ...
ID 24938
The International Organization of Securities Commissions (IOSCO) has released two reports addressing critical market risks. In the CR05/2023 Leveraged Loans and CLOs Good Practices for Consideration consultation report, IOSCO acknowledges the historical stability of LL and CLO markets, particularly during the GFC. However, the LL market has undergone significant changes, including a shift in borrower profiles towards technology and healthcare sectors and a decline ...
Trade Associations Call for Deletion of Active Account Proposal
ID 24870
Several prominent trade associations – including EFAMA, BFPI Ireland, EACB, FIA EPTA, Federation of the Dutch Pension Funds, Finance Denmark, Nordic Securities Association, AIMA, ICI Global, FIA, and ISDA – have collectively advocated for the removal of the proposed AAR. These trade associations have on the one hand voiced **their support for measures aimed at enhancing the attractiveness of EU clearing and capital markets, ...